Tuesday, November 29, 2022
 

Ledger CEO Warns Investors About Risks of Relying on Intermediaries

  • CEO Pascal Gauthier informs that investors must not rely on intermediaries.
  • Gauthier urged people to take more responsibility, and realize cryptocurrency is not just another money-making scheme.
  • The Ledger CEO warned that people need to “move their coins before it’s [too] late.”

At Surfin’ Bitcoin 2022, Ledger CEO Pascal Gauthier said investors must not rely on intermediaries, which could prevent investors from accessing their holdings.

In an interview with Cointelegraph, Gauthier said that the recent collapse of centralized exchanges is proof of why investors shouldn’t rely on intermediaries to manage their digital assets.

One of the main features of decentralized services is to give the citizens and investors the freedom to not rely on intermediaries or central authority to manage public assets and data. Gauthier urged people to take on more responsibility and must realize cryptocurrency is not just another means to make more money.

Gauthier further claims that the public need to understand that cryptocurrency and Web3 “give them control on their assets” and provides “financial freedom.”

According to the Ledger CEO:

A lot of people are still in Web2 […] because they want to stay in the matrix where they’re being controlled because it’s easier, it’s you know just click yes yes yes and then someone else is going to deal with your problems. It’s all good and well but actually I don’t think this is how you [become] free […] taking responsibility is how you become free.

Furthermore, the Ledger CEO warned that people need to “move their coins before it’s [too] late” from intermediaries. 

Ledger was founded in 2014, and is a leader in security hardware wallet infrastructure. But, Gauthier also explains that the company has taken an educative approach to help people understand the world of Web3.

  • CEO Pascal Gauthier informs that investors must not rely on intermediaries.
  • Gauthier urged people to take more responsibility, and realize cryptocurrency is not just another money-making scheme.
  • The Ledger CEO warned that people need to “move their coins before it’s [too] late.”

At Surfin’ Bitcoin 2022, Ledger CEO Pascal Gauthier said investors must not rely on intermediaries, which could prevent investors from accessing their holdings.

In an interview with Cointelegraph, Gauthier said that the recent collapse of centralized exchanges is proof of why investors shouldn’t rely on intermediaries to manage their digital assets.

One of the main features of decentralized services is to give the citizens and investors the freedom to not rely on intermediaries or central authority to manage public assets and data. Gauthier urged people to take on more responsibility and must realize cryptocurrency is not just another means to make more money.

Gauthier further claims that the public need to understand that cryptocurrency and Web3 “give them control on their assets” and provides “financial freedom.”

According to the Ledger CEO:

A lot of people are still in Web2 […] because they want to stay in the matrix where they’re being controlled because it’s easier, it’s you know just click yes yes yes and then someone else is going to deal with your problems. It’s all good and well but actually I don’t think this is how you [become] free […] taking responsibility is how you become free.

Furthermore, the Ledger CEO warned that people need to “move their coins before it’s [too] late” from intermediaries. 

Ledger was founded in 2014, and is a leader in security hardware wallet infrastructure. But, Gauthier also explains that the company has taken an educative approach to help people understand the world of Web3.

 

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